StorageVault Canada (TSE:SVI) Insider Storagevault Canada Inc. Buys 10,000 Shares of Stock

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average price of C$4.15 per share, with a total value of C$41,500.00. Following the purchase, the insider directly owned 10,000 shares in the company, valued at C$41,500. The trade was a ∞ increase in their ownership of the stock.

Storagevault Canada Inc. also recently made the following trade(s):

• On Wednesday, September 23rd, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The shares were purchased at an average price of C$4.21 per share, for a total transaction of C$42,100.00.
• On Monday, September 28th, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$4.20 per share, for a total transaction of C$42,000.00.
• On Wednesday, September 30th, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$4.13 per share, for a total transaction of C$41,300.00.

StorageVault Canada Stock Down 0.5%

Shares of TSE:SVI opened at C$4.14 on Friday. StorageVault Canada Inc. has a 52-week low of C$4.02 and a 52-week high of C$5.39. The stock has a market cap of C$1.51 billion, a price-to-earnings ratio of -100.98 and a beta of 0.79. The business has a 50-day moving average price of C$4.36 and a 200-day moving average price of C$4.48.

StorageVault Canada (TSE:SVI) last issued its earnings results on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%. The firm had revenue of C$91.09 million during the quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SVI. Raymond James Financial cut shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and reduced their target price for the stock from C$5.75 to C$5.25 in a report on Friday, October 2nd. Royal Bank Of Canada upped their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a report on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$5.86.

About StorageVault Canada

StorageVault currently owns and operates 275 storage locations across Canada. StorageVault owns 243 of these locations plus over 5,000 portable storage units representing over 13.8 million rentable square feet on 802 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.